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C4E-Ref- FCWPC - Parking - Strategic Pricing4 MIAMIBEACH €ify of Miomi Beoch, lZ00 Convention Cenier Drive, Miqmi Beoch, Florido 33I39, www.miomibeochl .gov COMMISSION MEMORANDUM To: Mayor Philip Levine and Members of FROM: Jimmy L. Morales, City Manager DATE: May 21,,2Q14 SUB]ECT: REFERRAL TO THE FINANCE AN PARKING - STRATEGIC PRICING City Com CITYWIDE PROJECTS COMMITTEE - The Mayor and Commission have identified mobility, transportation, and traffic congestion as priorities for improved resident quality of life. One initiative currently underway is to reduce traffic congestion through the regulation of commercial loading activity and reduce the obstruction of traffic on major thoroughfares. This is just one piece of the traffic congestion puzzle. Several major U.S. cities, including, San Francisco and Santa Monica, California; and Seattle, Washington have implemented strategic parking pricing to achieve urban planning goals. I have attached an article entitled "The Parking Price is Right" published in the May 2014 issue of Public Management. This article provides great insight of proven progressive parking pricing strategies that have resulted in increase parking availability, reduced traffic congestion, and although it may seem counterintuitive, increased economic growth for businesses. As you may recall, the Administration is pursuing the TIGER grant in orderto fund a number of mobility and transportation initiatives. This initiative may very well be a game changer and a key component is "smart parking". ln the simplest of terms, smart parking is the use of state-of-the-art technology to monitor the use of parking spaces in real time in order to manage parking "supply and demand" and apply strategic pricing to encourage use where demand is low through pricing and achieve the benefits mentioned above. The Administration is referring the issue of strategic pricing for parking to the Finance and Citywide Projects Committee for their review and direction. JLM/KGB/SF T:\AGENDA\2014\May212014\StrategicParkingPricingFCWPCReferral.cme.doc Agenda ltem CVE Oate.{-?l-lV 81 arking can be a powerful resource for promoting economic development and improving the quality of life in any community. And one of the most important tools at the disposal of city and county ad[unisuators and TAHEAWAYS ) Learn how pricing on-street parking can support economic development and urban planning goals by freeing up short-term spaces for customers. ) Learn how nol to price on-street parking and reasons why. 14 pusr-rc TIANAGEMENT I mny zorq planners is parking pricing. By imple- menting strategic pricing, local govern- melts can influence where drivers park and for how long. When done right, this can have an extraordinary impact on a community's economy and the health of local busi- nesses. It can also affect the quality of life for residents. The problem is, most communities don't do it right. The good news is iiat some places are stafting to reco8nize the power of pricing and are begiruLing to leverage parking pricing as art impoftant tool for supponing local businesses, reducing traffic conges- Iion, cutting vehtcle-borne polluton, arid generally improving the quality of life for residents. A number of cities, includurg San Francisco and Santa Monica, Califor' nia, and Seaftlq Washington, iust to narne a few, have begm setting prices strategt- cally to achieve uban planning goals. Common Mistakes The most common mistake communi- ties make is not charging-or at least not charging enough-for parking. particularly in downtown business dis- tdcts. Often, local officials and planners, as well as business owners, assume that the best way to attract shoppers, patrons to local entertainment venues, or other visitors is to offer plentiful fiee parking. This approach, however, typically has signifi cant unintended consequences, making it even more dif. ficult for people to conveniently access businesses or services. The problem is that when free or underpriced parkjng is provided, it R?i- cally causes the most valuable spaces- those that are located adjacent to local businesses, services, and entertainme[t venues-to be overused. Often, these spaces are occupied early in the day by employees of area businesses, even before the visitors for whom they are intended have come downtown. And they tend to remain occupied by these same parkers throughout the day. In addition to reducing-or even eliminating-the number of open spaces, this practice also fuamatically increases roadway congestion as drivers circle blocks looking for available spaces or waiting for occupied spaq,es tb.open 1 .\up. This unnecessary congestion makes roadways less safe for both drivers ald pedestrians, and needlessly generates unhealthy emissions. In the end, the common practice of providing free or excessively cheap parking doesn't accomplish the desired end of supporting local businesses and providing convenience for residents. Instead, it merely ends up frustrating drivers who are trying to get to local businesses and those who are trying to get home. If the problem becomes acute enough, it can cause shoppers to look for other options outside the city, and icma.org/pm82 benefits. Ffst, most budget games are eliminated, since there is no request process and no zero-sum game where operating managers compete with each otJrer for a slice of the budget pie. The CEO must use skill ald judgment in allocating general revenues, but this allocauon is nonnegotiable. As a city m.rnager, I've been doing this for more than two decades, and it works. Department heads may think their allocation is too small, but if they have full freedom in how they manage their limited resources, the trade-off is worth it to them. By allowing 100 percent of the sav- ings and revenue that comes in higher than estimated-to be carried forward, the spend-it-or{ose-it problem disap- pears. Knowing that they have fledbility in how to allocate the savings, operating managers constantly look for ways to reduce the cost of doing business. A major benefit ls that the govern- ing board and CEO have now enlisted all the operating managers in the hard work of managing with constrained resources. I've been amazed at the innovative and thougtltful ways that operating managers have met the chal- lenge of stretching resources to provide excellent services. I've also had to admit they know their operations better than I do; they can make tough decisions, and because they own them, they buy into them. Another benefit is that with operating managers responding immediately and independently to exterlal pressures orr revenues and expenditures, there is little need to go tfuough an amual budget process. Budgets can be adopted for a 24-month fiscal period. The time freed up from number crunching can be used, in the off-year, for a thorough review of the govern- ment's services and programs using best practices in performance measurement. And the next step in this evolution will be to eliminate budgets altogether and replace them with rolling forecasts, allowing the organization to make continuous fine-tuning adjustments to icma.org,/pm priorities and the allocation of resources. (For more on this approach, check out the work of the Beyond Budgeting Round Table at bbrt.org.) The primary benefit of this system has nothing to do with finalces at all. It simply reinforces the principles of good management-delegation, empower- ment, alignment of goals-that managers follow or should follow in other aspects of leading an organization. Better budget decisions are a side benefit, but here are the ones that really matter: . Abilig of the organization to respond quickly to abrupt changes in the enviroflment. . Resilience of the organization to extemal and intemal challenges. . Adoption of creative or innovative solutions to problems. . Alignment of the activities and output of the organization with the priorities of the goveming board. . Job satisfaction of employees. Going for the "Best'Managed" Moniker If we are entering the "decade of local govemment," local govemments may emerge as leaders in dealing with the challenge of providing govemment services, doing so more effectively than state and national government counter- parts. But that's a pretty low bar. Wouldn't it be nice iI local govern- ments emerged as the best-malaged organizations, period? When author Jim Collins next speaks to mana8ers at an annual conference, wouldn't it be great if his presentation was based on a book highligh ting cutting-edge leadersNp in cities ard counties? That won't happen if we contiflue to cling to a century-old budget maaagement system. EM scoTT LAZEIT BY, Ph.D., lC|\4A-CM, is city manager, Lake Oswego, Oregon (slazenby@ci, oswego.or.us). He is author of the book fhe Humen Side of Budgetng (2013), available through Amazon and in all major e-book fonnats. REG TONAL GOVERNMENT SERVICE S Locnl GoVERN MENT SERVTCE S Providins Solutions To Californir Public Agcncics Srnrruc Pusrrc Sncron PnorrssroIvl.r,s in Human Resources and Ffurance. $60 hourly to $100 depending on experience, qualifications, and job assignment. Regional Government Services seeks Public Sector Professional positions at a variety of professional and technical levels, from analyst to director, for our service partners (other public agencies). We offer flexibility and independence! Assignments vary and are throughout California. Work is mixed between home-based and service partners' offrces. Must be willing to travel between several areas and work with multiple agencies. Guaranteed compensation of20 hours per week with the possibility of up to 40 hours of work per week on extended assignments. Candidates must have STRONG public sector experience. Requires at least a BA in HR, Business, Iinance, Accounting, Public Policy or related (Master's preferred) and 5 years of progressively more responsible prpfessionalJevel public-sector managerial experience. For more detailed information and to apply, go to CalOpps at http:/iwww calopps.org. Click Member Agencies, then Regional Government Services, then Public Sector Professional. Oniy applications filed through CaIOpps will be reviewed on an Open Until Filled basis. Contact roppenheim@rgs. ca. gov for questions. MAY 2014 I PUBLIC MANAGEMENT 1383 THIS PAGE INTENTIONALLY LEFT BLANK 84